Sustainability

Solar PV is on track to become a terawatt-scale industry. With this opportunity comes challenges, particularly when future raw material and manufacturing volumes are considered. For progress to be made, sustainability becomes a crucial issue. Already the first global sustainability standard for solar modules and inverters has been introduced, and it is likely mandatory measures will be applied in Europe via the Ecodesign directive. Ahead of the upcoming pv magazine Roundtable on sustainability, SMA answers some key questions about certification.

Felicia Jackson explains why green finance is changing the energy world and is not just a dream for solar fans. Hailing from London, she is a financial expert, a co-founder of New Energy Finance, now Bloomberg NEF, a member of the UN working group that discusses methods for environmental goals, and a professor at the University of London. Jackson will also author a pv magazine white paper on the topic, scheduled to publish this summer.

Pash Global, a subsidiary of multinational commodities trader Trafigura Group, has signed a renewables power purchase agreement for a project on the British overseas territory of Saint Helena. The microgrid will help the South Atlantic island’s aim of investing in renewables, reducing diesel dependence and increasing fuel security and price stabilization.

JinkoSolar has begun construction of a new 16 GW module production base in Yiwu city, Zhejiang province and Eging PV has resumed a 200 MW solar project in Qitai county in the Xinjiang Uygur Autonomous Region, after securing approval from local authorities. The China National Energy Administration has confirmed the nation can add no more than 48.45 GW of solar to the grid this year.

A €15.2 million power-to-X-to-power hydrogen storage facility is being planned in Saillat-sur-Vienne, in Nouvelle-Aquitaine. The project partners want to use renewable energy from the grid and water to produce and store electrolyzed hydrogen. It would then be mixed with natural gas to power an upgraded, 12 MW Siemens SGT-400 industrial gas turbine which previously generated steam for local manufacturing and would be able to return power to the grid to meet demand.

The sustainable lithium-ion battery manufacturer wants to secure raw materials to recycle into its products and will tap one of the world’s most advanced electric vehicle markets for its end-of-life batteries.

Zero-emission, low-cost regional flights with just eight other sanitized folk and a disinfected pilot! Yes, Covid-19 is warping our view of the future but the successful electrically-powered maiden flight of a Cessna Caravan last week offers the potential for new modes of transport to support a wider economic recovery in Australia.

The global Covid-19 crisis has had a tumultuous impact on the global economy. It has brought investment risk and purpose into sharp focus, while also bolstering sustainable finance. But what does it mean for solar? Felicia Jackson reports from London on the evolving investment landscape, with climate and social impacts becoming more prominent in financial decision making.

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